a person buys 2 watches for rs.1100 and he sells one at a profit of 5 percent and the other at x percent loss. on the whole if there is no profit no loss. find x
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Answer:
loss% = 5% or x% = 5%
Step-by-step explanation:
CP of 2 watches = ₹1100
Hence, CP of each watch = ₹550
(1) profit% on first watch = 5%
hence SP of first watch = ₹577.5
₹577.5 - ₹550 = ₹27.5
•if there is no profit or loss we need to subtract ₹27.5 from the CP of 2nd watch.
CP of each watch = ₹550.
₹550 × x%
₹550 × x/100 = ₹27.5
x/100 = 27.5/550
x/100 = 275/5500
x/100 = 1/20
x = 1/20 × 100
x = 100/20
x = 5
Hence, x% = 5%
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